Resolute Mining (RSG) Trading update summary

Syama operational performance

• Syama mine production remains below plan due to ongoing operational challenges in Mali, impacting underground and open pit mining as well as sulphide processing.

• Ore availability and access to higher-grade ore sources have been delayed, reducing plant throughput and recovery.

• Q3 2026 gold production at Syama is expected to be around 31 koz, with Q4 anticipated to rise to 45–50 koz as improvement initiatives take effect.

• Full-year Syama gold production guidance is revised to 150–160 koz, with AISC now expected at $2,300–2,400/oz.

• Key improvement actions include transitioning to a new mining contractor and constructing an onsite emulsion plant for explosives supply, with commissioning planned by November 2026.

Group production and cost outlook

• Group gold production guidance for 2026 is revised to 205–225 koz at an AISC of $2,250–2,350/oz, assuming a $4,000/oz gold price.

• Mako operation in Senegal is on track, with full-year guidance of 55–65 koz at AISC of $1,600–1,800/oz.

• Construction at Doropo Gold Project in Côte d'Ivoire is progressing on schedule and within budget.

• Exploration and drilling activities continue at ABC and La Debo projects, supporting future growth.

Management commentary and outlook

• Management is focused on stabilizing explosives supply and increasing mining fleet availability to restore Syama performance.

• Operational performance has shown improvement since July, with September production returning closer to budget.

• Broader business remains supported by strong gold prices and disciplined cost management.

• Current improvement initiatives are expected to support ongoing production recovery, contingent on easing external constraints in Mali.